EURUSD – Up
On the weekly chart above,EUR broke down below a support zone 1.2245-1.2192 with a big red candle last week, I expect a correction to the just broken zone followed by a rejection of price within or around it for possible bearish movement of price towards the support zone 1.1727 and a possible breakout below 1.1727 for a further decline in price, My advice, wait a retracement to 1.2245-1.2192 and a rejection at it then sell EUR at the second retracement to the zone with your take profit at the support line 1.1727 and stop loss around 1.2423.Remain short in case of a breakout below 1.1727.
Sell EUR on the second retracement to 1.2245-1.2192
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